After Clay Johnson joked on Twitter that Apple had lost a Facebook's worth of value since the release of the iPhone 5, I decided to pull the company's chart. The percentage change is rather small, only 8 percent or so, but the loss of market cap is about $60 billion since September 21 when the new Apple phone came out.
This is despite the fact that the iPhone 5 broke all previous Apple sales records, which gives you some kind of idea bout the tremendous expectations that Wall Street (and Main Street) have for Tim Cook's company.
We want to hear what you think about this article. Submit a letter to the editor or write to email@example.com.
Alexis C. Madrigal is a staff writer at The Atlantic. He's the author of Powering the Dream: The History and Promise of Green Technology.